insurance questions

Yes, designating a nominee is a must. In the event of a policyholder’s death by accident, during hospitalization or through a sickness covered by the policy, the nominee can register the claim and receive reimbursement…

Yes. All health insurance policies are governed by the insurer’s terms and conditions. It is advisable to read the fine print carefully and understand your entitlements before signing up to get the best health coverage.

You can get group health insurance via your employer or as a private group and avail broad coverage including pre-existing diseases and maternity benefits from the day of enrolment. You also get a health card…

Besides claiming exemption on premium paid for self, spouse and dependent children, you are entitled to claim tax deductions of a total of Rs.30000 for parents for the financial year 2015-16.Uninsured senior citizens 80 years…

Yes, there are instances when cashless hospitalization may be denied by a network hospital. Reasons are insufficient sum insured, inadequate information to justify hospitalization, discrepancy in details furnished, if the ailment is not covered by…

In Mediclaim policies covering the spouse, children, and dependent parents, a discount on the total premium payable is usually applicable. The percentage of discount depends on the terms of the insurer. For the family floater…

Health insurance companies apply a sub-limits clause in the policy to control claims payment. It is basically a cap on the insurance claim and represented as a fixed value for specific diseases or treatments. It…